⸺ Obituary · October 16, 2013 ⸺
“Bitcoin Is A Remarkable Innovation, Here’s Why It Will Fail”
— Salon, Bryan Lynn
“In theory, bitcoin could become a lawful virtual currency if the bitcoin community gave up anonymity and therefore incorporated the identities of bitcoin senders and receivers as part of the currency. But that would eliminate the cash-like feature that makes bitcoin attractive and vastly decrease the demand for bitcoin. That does not seem like a viable path forward. . . . While I praise the sheer ingenuity of bitcoin and its payments innovation, it should be buried.”
Price at death
$137
Today
$73,541
Resurrection
×535
On 2013-10-16, Bryan Lynn (Software Engineer) declared Bitcoin dead via Salon. Bitcoin was trading at ~$137 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on October 16, 2013, when one Bitcoin traded for approximately $137. Since then, Bitcoin has appreciated by 535× relative to the price on the day Salon pronounced it finished.